vtwillard

Manhattan Mansions Fall from the Sky - Barron's

And if a substantial segment of the voting population had not voted in these clowns in the first place, we would not be having this discussion.

I am reminded of how certain governors of certain states were quick to take credit for the economic prosperity and budget surpluses that their states realized during the dot.com boom years. That's like the doctor saying he made the patient feel better during a state of high fever and delerium, right before the patient expired...
Jim



On Nov 23 01:40 PM Hmm?! wrote:

> If some politicans in washington had not voted against oversight
> of Fannie and Freddie in 2003, we are not having this discussion.
>
>
> See the link below. It is mind boggling!
>
> www.taxfoundation.org/...

The Long Case for Pfizer

John, there is no logic with buying plummetting stocks. However, approximately 125-year history of the mercantile and DOW markets shows that those who bought the more 'stable' dropping stocks, and held, came out well.

One example would be IBM, both before 1947 and before 1995 (but after 1990). See the charts behind both trends.

Another would be Apple; still another, Chrysler (circa pre-1980). I'm just throwing out a few examples that I know of; there are many more.

With that said, let me say it is more intuitive than logical to buy a 'dropping stock'. You have to have a strong belief - based mainly upon future market changes, rather than the balance sheet and current analyses on management - to determine if a 'free fall' condition is an opportunity to buy. In 95% of the cases, it probably is not.

JW